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Prices of Chinese Farm Produce Drop

CHINA - The prices of major farm produce in China dropped last week according to a survey of 36 large and medium-sized cities by the Ministry of Commerce.

The price of eggs and chicken went down 1.3 per cent and 0.6 per cent compared to the previous week.

The price of meat went up and down, with the price of pork and beef down 0.9 per cent and 0.5 per cent respectively compared to the previous week and the price of mutton up 1.1 per cent week on week.

The price of rapeseed oil and peanut oil was up 0.4 per cent and 0.1 per cent respectively week on week.

The price of grain was up slightly, with the price of rice remaining the same, and flour up 0.3 per cent week on week.

The price of aquatic products rose 0.4 per cent, headed by the price of carp, large hairtail and crucian, up 1.7 per cent, 1.7 per cent and 1.5 per cent respectively.

The average wholesale price of 18 vegetables was down 1.8 per cent compared to the previous week, although the prices of cucumber, eggplant and tomato showed an increase of 11.3 per cent, 9.8 per cent and 4.6 per cent week on week respectively.